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Summary: Village Of Schaumburg, Illinois; General Obligation Mar 12 Product Image

Summary: Village Of Schaumburg, Illinois; General Obligation Mar 12

  • ID: 2091520
  • March 2012
  • Region: Illinois
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-1+' rating on Village of Schaumburg, Ill.'s general obligation variable-rate demand bonds series 1998A and 1998B, due to the bank facility being extended to Dec. 1, 2013. The long-term component of the rating is based on the rating on the obligor, Schaumburg Village. The short-term component of the rating is based on the rating on the Northern Trust Co. The stable outlook is based on the outlook of the obligor. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are: Village of Schaumburg
Action: Affirmed
Action: Outlook: Stable

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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Village of Schaumburg

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